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Kenya’s economic remain sluggish with growth estimated at five per cent

By Ben Kinyanjui

Kenya’s economy is estimated to grow at five per cent in 2013 as opposed to six per cent forecast earlier in the year.Manufacturing remains a key sector of the economyManufacturing remains a key sector of the economy

The latest World Bank economic analysis says the growth rate, supported by consumption and investment, is higher than the 4.6 per cent recorded in 2012.

Remittances by Kenyans living abroad increase to Sh9.6 billion

By TFN Reporter

Remittance inflows amounted to US$ 112.9 million (Sh9.6 billion) in October 2013, says the Central Bank of Kenya (CBK). CBK says inflows are strong despite sluggish global economy CBK says inflows are strong despite sluggish global economy

This was 5.1 per cent higher than the inflows recorded in September 2013 which amounted to USD 107.5 million, and 23.2 percent higher than the US$ 91.6 million inflows recorded in October 2012.

New standard gauge railway line to start operations within the next five years

By Kazungu Chai (PSCU)

President Uhuru Kenyatta has said the Standard Gauge railway line, he launched Thursday, will accelerate regional economic transformation by reducing transportation costs.President Kenyatta and First Lady Margaret launch civil works for the new railway line in Mombasa Thursday (Photo-PSCU)President Kenyatta and First Lady Margaret launch civil works for the new railway line in Mombasa Thursday (Photo-PSCU)

He said that is why Kenya, Uganda and Rwanda signed a Trilateral Agreement to expedite development of the high-speed railway connecting Mombasa to Kampala, and onwards to Kigali.

Construction of the new standard Railway starts

By Kobia Mwirichia (PSCU)

President Uhuru Kenyatta met the head of the company that will build the new Mombasa-Nairobi railway Wednesday ahead of the launch of civil works at Changamwe, Mombasa on Thursday.President Kenyatta and China Communications Construction company  Executive director Mr Liu QitaoPresident Kenyatta and China Communications Construction company Executive director Mr Liu Qitao

The meeting, between President Kenyatta and the China Communications Construction company (CCCC) Executive Director and Chairman Mr Liu Qitao at State House Nairobi, comes ahead of the ground breaking for the standard gauge railway in Mombasa.

EALA holds key to regional integration,says President Kenyatta

By Kazungu Chai (PSCU)

President Uhuru Kenyatta has urged the East African Legislative Assembly (EALA) to do all it can to keep the integration process truly people-centred.President Kenyatta addresses EALA members in Nairobi TuesdayPresident Kenyatta addresses EALA members in Nairobi Tuesday

He said the Assembly holds the key to the well-being of the East African Community, adding that integration is on course.

African and Arab leaders declare war on terror

By Kobia Mwirichia (PSCU)

African and Arab countries that gathered in Kuwait for the Arab/Africa Summit have declared total war on terrorism.African and Arab leaders who met in Kuwait WednesdayAfrican and Arab leaders who met in Kuwait Wednesday

In a communique at the end of the 3rd Arab/Africa Summit at the Bayan Palace in Kuwait City, the Heads of State and Government agreed to exchange intelligence to combat terrorism and other international crimes.

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